Talk with nearly every investment expert, and one of the things they'll encourage is diversification. You don't want all your funds sunk into one area. Real estate isn't any different: There are numerous opportunities in developing — or overlooked — cities, which include the international scene.

So where should you look? And what are the draws to that particular region? Here is what members from theForbes Real Estate Council say:

Forbes Real Estate Council members reveal their favorite tips.

1. The Bahamas

The "hands down" answer here is The Bahamas. During the global financial crisis, the first thing "Mr. Wall St." sold at a loss was his holiday home in the Caribbean. Not just that, but the area has been devastated with two pretty big hurricanes during the last 10 years. Common sense real estate practices indicate buying low and selling high. Now is the time to invest in waterfront Bahamas real estate. - Engelo Rumora, List'n Sell Realty

2. Belize

When looking at international investment opportunities, I advise clients to over index on the structural stability of the country. In recent years, Belize checks all those important boxes, with its English-speaking legal system based on British common law, its stable exchange rate to the U.S. dollar, an economy growing at approximately 20% annually and new tax incentives to boot. - Sharran Srivatsaa, Teles Properties

3. Colombia

Colombia has constitutional protections for foreign property owners, making it one of the best places to do a real estate deal. It's also much safer than back in the day when U.S. dollars, Escobar and cocaine were having a power struggle. Check out Medellin, Guatape — the coastline and the colorful architecture — and you may be in for a shock realization. Colombia is a land of opportunity and beauty. - Max Coursey, Tiger Prop

4. Great Britain

As a result of Brexit, overnight, due to currency fluctuation, assets on U.S. dollar basis became 20% cheaper in Great Britain. In reality though, the asking prices of assets also got impacted from Brexit, with demand from EU buyers reducing as well. Together, the net impact on real estate prices are real and have created an imminent investment opportunity in Great Britain. - Ridaa Murad, BREAKFORM | RE